RE: Buying opportunity27 Sep 2019 08:51
Makes me laugh when one person try’s to say awful RNS! When clearly they haven’t a clue what’s going on here! ITS A DEVELOPING OIL/GAS COMPANY. Of course in the early years and they are still in early years. Lots to out lay costs wise. However for a young Oiler they are PRODUCING over 5800 BOPD!! Soon to rise between 15000-20000 BOPD! Also just one project value and Net profits.... The CPR disclosed gross 2P reserves of 48.6 MMbbl (19.4 MMbbl net to LEKOIL), an uplift of more than 200 per cent compared to 2015's CPR figure of 15.0 MMbbl. Gross aggregate stock tank oil in place (STOIIP) prospective volumes on a P50, unrisked basis, mean estimate was 331.6 MMbbl (132.6 MMbbl net to LEKOIL), compared to 2015's CPR figure of 163.0 MMbbl (65.2 MMbbl net to LEKOIL). The updated recoverable volumes produced a 2P NPV10 of US$226 million, after income taxes, net to LEKOIL. NOT TO BE SNIFFED AT... don’t listen to the noise. If you like what you see... stay! If not see you later. It’s that simple. GLA